The contractor submits termination inventory schedule

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Reference no: EM131176769

1. If a subcontractor accepts an indemnification clause which provides that he is liable to the prime contractor for any reduction in the prime contract price arising out of defective data which he furnishes, the clause should contain provisions which:

(a) Provide the subcontractor with a method of appeal (b) Disclaim any liability on the part of the subcontractor (c) Make the subcontractor who ultimately receives the contract liable (d) Provide for payment directly to the Government

2: When the contractor submits a termination inventory schedule, the most important factor which must be represented correctly is:

(a)Quantity of items (b)Allocability (c)The acquisition cost of the items (d)An accurate description of the items.

Reference no: EM131176769

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